Russia will reportedly replace German-made hydropower-plant turbines with Iranian-made ones as Western sanctions have halted operations of Siemens in Russia since February 2022. As RT reported, MGT-70 gas turbine units are copies of Siemens hardware, developed by the Islamic Republic. The country attained a license for their assembly and localized …
Read More »Iran Dismisses EU3, US’ Statement on Fordow Nuclear Site
The Iranian Foreign Ministry rejected a statement released by the European troika and the US about the Fordow nuclear facility, saying Iran has already informed the IAEA about all uranium enrichment activities in the site. Foreign Ministry Spokesman Nasser Kanaani on Sunday dismissed a statement from the European troika –France, …
Read More »Iran Says Issues with IAEA over Fordow Nuclear Site Resolved
A spokesman for the Atomic Energy Organization of Iran has dismissed a report by the UN nuclear watchdog that says Tehran made an undeclared change to uranium enriching equipment at its Fordow facility near the city of Qom. Behrouz Kamalvandi said the report of the International Atomic Energy Agency was …
Read More »Oil, Gas, Petchem Expo Running in Assaluyeh
The 14th edition of the South Pars Oil, Gas, Refinery, and Petrochemical Exhibition (SPPEX 2023) was inaugurated in the Pars Special Economic Energy Zone (PSEEZ) at Iran’s energy hub Assaluyeh on Sunday. The opening ceremony of the exhibition was attended by several provincial officials including Abolhassan Razminia, the head of …
Read More »Ahvaz to Host Oil Industry Equipment Exhibition in Early-Feb.
The 13th Specialized Exhibition of Khuzestan Manufacturing Oil Industry Equipment is scheduled to be held in the southwestern city of Ahvaz (the capital city of Khuzestan) during February 6-9, Shana reported. The slogan of the current year’s exhibition is “A strong Iran; knowledge-based oil Industry and completion of the value …
Read More »US Looking to Pressure China into Foregoing Iran Oil Imports
The US Special Envoy for Iran Robert Malley said the Biden administration will increase pressure on China to cease imports of Iranian oil as the US tries to enforce nuclear sanctions. “China is the main destination of illicit exports by Iran,” and talks to dissuade Beijing from the purchases are …
Read More »Iran Ranks Fourth among Top Oil Suppliers in OPEC
In its latest monthly report, the agency declared that the total oil production of the Organization of the Petroleum Exporting Countries in the last month of the past year stood at 29.19 million barrels per day, and the total oil production of 13 OPEC member states decreased 40k bpd in …
Read More »OPEC: Iran’s Annual Oil Output Grew 7% in 2022
Iran’s oil production in 2022 increased seven percent compared to the previous year, according to OPEC’s first monthly report released in 2023. According to the OPEC report, the Islamic Republic produced 2.554 million barrels per day (bpd) of crude oil in 2022, 162,000 bpd more than the figure for 2021, …
Read More »Turkmenistan Suspends Gas Supplies to Uzbekistan, Iran and Decreases to China
Turkmenistan has suspended gas supplies to Uzbekistan through the Daryalyk station since January 12, Gazeta.uz reported. This supplies were suspended for technical reasons due to abnormal frosts in the region. Low temperatures led to the formation of hydrate in the infield communications of the Galkanysh gas condensate field, the newspaper …
Read More »Iran’s Foreign Trade Hit $88 Billion
According to the latest data of the Islamic Republic of Iran Customs Administration, Iran’s foreign trade reached 125.86 million tons worth $88 billion. Iran’s foreign trade (excluding crude oil export) stood at 125.86 million tons worth $88 billion from the beginning of the current Iranian year on March 21, 2022, …
Read More »